23 NOVEMBER 2020
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Following last week’s report (see BTN 16 November) that the Norwegian Government would not supply any financial support for the airline of that name, Norwegian Air Ireland has sought protection under Irish law. 140 aircraft are registered with that that subsidiary.
At the present time it only operates a handful of domestic Norway routes with around 600 employees. At one point it was carrying 37m passengers annually, employed 10,000 staff and was the second largest airline at Gatwick. Its problems, caused by rapid and over optimistic expansion, started well before the present pandemic.
Jacob Scham, Norwegian Chief Executive since July 2019, said: “We will emerge from this process as a more financially secure and competitive airline, with a new financial structure, a right sized fleet and improved customer offering.”
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